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Kraft Eliminating 1,600 Positions

January 17/Northfield, Ill./Kraft Foods -- Kraft Foods Inc., the food company planning to split in two this year, said it would eliminate 1,600 jobs and reported preliminary operating earnings per share for 2011 that trailed some analysts’ estimates.

The job cuts will take place in North America through this year and about 40% are a result of reorganizing U.S. sales, the Northfield, Ill.-based company said in a statement.

Kraft, the world’s second-largest food company, is splitting up to help the snacks business push products into emerging markets.

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